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SHAREHOLDERS' EQUITY AND EMPLOYEE BENEFIT PLANS (Tables)

9 Months Ended

Jul. 03, 2021

Share-based Payment Arrangement [Abstract]

Company’s matching contributions to the Plan

The following table reflects the Company’s contributions to the Plan during the three and nine months ended July 3, 2021 and June 27, 2020:

			Three months ended												Nine months ended
(in thousands)			July 3, 2021						June 27, 2020						July 3, 2021						June 27, 2020
Cash			$	458					$	410					$	1,324					$	1,119

Accumulated other comprehensive income reflected on the Consolidated Balance Sheets

The following table reflects accumulated other comprehensive income/ loss reflected on the Consolidated Condensed Balance Sheets as of July 3, 2021 and October 3, 2020: 

			As of
(in thousands)			July 3, 2021						October 3, 2020
Gain from foreign currency translation adjustments			$	3,864					$	10
Unrecognized actuarial loss on pension plan, net of tax			(3,087)						(3,088)
Unrealized (loss)/ gain on hedging			(437)						557
Accumulated other comprehensive income/ (loss)			$	340					$	(2,521)

Restricted stock and common stock granted

The following table reflects Time-based RSUs, Relative TSR PSUs, Growth PSUs and common stock granted during the three and nine months ended July 3, 2021 and June 27, 2020:

			Three months ended												Nine months ended
(shares in thousands)			July 3, 2021						June 27, 2020						July 3, 2021						June 27, 2020
Time-based RSUs			—						13						484						490
Relative TSR PSUs			—						5						154						163
Growth PSUs			—						2						51						75
Common stock			4						9						19						26
Equity-based compensation in shares			4						29						708						754

Equity-based compensation expense

The following table reflects total equity-based compensation expense, which includes Time-based RSUs, Relative TSR PSUs, Growth PSUs and common stock, included in the Consolidated Condensed Statements of Operations during the three and nine months ended July 3, 2021 and June 27, 2020: 

			Three months ended												Nine months ended
(in thousands)			July 3, 2021						June 27, 2020						July 3, 2021						June 27, 2020
Cost of sales			$	211					$	182					$	626					$	597
Selling, general and administrative			3,008						2,676						8,111						8,106
Research and development			921						867						2,767						2,353
Total equity-based compensation expense			$	4,140					$	3,725					$	11,504					$	11,056

The following table reflects equity-based compensation expense, by type of award, for the three and nine months ended July 3, 2021 and June 27, 2020:  

			Three months ended												Nine months ended
(in thousands)			July 3, 2021						June 27, 2020						July 3, 2021						June 27, 2020
Time-based RSUs			$	2,571					$	2,366					$	7,772					$	7,130
Relative TSR PSUs			988						908						3,019						2,210
Growth PSUs			359						266						121						1,087
Common stock			222						185						592						629
Total equity-based compensation expense			$	4,140					$	3,725					$	11,504					$	11,056

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